FASB Outlook

Introducing the New FASB Outlook!

Welcome to the FASB Outlook, the new quarterly newsletter of the Financial Accounting Standards Board.

The FASB Outlook is designed to keep stakeholders informed about key FASB projects and activities. It presents current accounting and financial reporting issues in a “plain-English,” user-friendly, format designed to provide quick access to stories of interest to the busy professional.
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From the Chairman's Desk

2014 promises to be a busy year for the Financial Accounting Standards Board...
As joint projects with the IASB wind down, we’ll begin work on developing a new agenda that will focus on “big picture” projects as well as other projects that will seek to reduce complexity and promote transparency through improvements in recognition, measurement, disclosure, and interpretation.
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What You Need to Know About: Revenue Recognition

Revenue is an important measure to users of financial statements in assessing a company’s performance and prospects. However, revenue recognition guidance differs in U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)—and many believe both are in need of improvement.
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  • Introducing the New FASB Outlook!
  • From the Chairman's Desk
  • What You Need to Know About: Revenue Recognition

Focus On Footnotes

Have you ever had the feeling that 10-Ks and 10-Qs have ballooned in recent years? Studies have borne this out: KPMG in 2011 noted that 10-Ks have...
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On the Agenda

As the convergence agenda winds down and FASB begins the final stages of completing its projects on revenue recognition, leasing, financial instruments,  and insurance—the Board will embark on a new journey: to identify the next phase of the Board’s agenda and the types of projects that it will undertake as it moves forward.
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Featured Videos

FASB member Marc Siegel interviews Citigroup CFO and FASAC member John Gerspach
For Part 2 click here

Who’s Who video interview with FASB vice chairman Jim Kroeker